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9. Use the following information to answer the question(s) below Wyatt has 8 million shares outstanding and is about to issue 10 million new shares in an . The lPO price has been seta $15 pe share, and the underwriting spread is 6%. The IPO is a big success with investors and the share price rises to $35 the first day of trading. The amount that Wyatt Oil raised during the IPO is closest to: OA. $329 million OB. $141 million C. S113 million O D. $350 million O E. $150 million 10. Which of the following statements is FALSE? O A. In the event of default, the assets not pledged as collateral for outstanding bonds cannot be O B. When a firm conducts a subsequent debenture issue that has lower priority than its O C. Most debenture issues contain clauses restricting the company from issuing new debt with O D. Because more than one debenture might be outstanding, the bondholder's priority in claiming used to pay off the holders of subordinated debentures until all more senior debt has been paid off outstanding debt, the new debt is known as a subordinated debenture. equal or lower priority than existing debt. assets in the event of default, known as the bond's seniority, is important